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Top Tax Rate Jumps to 50% or More in 39 States if HealthCare Surtax Passes (60% in New York City)
Tax Foundation ^
| 7/14/09
| TF Staff
Posted on 07/14/2009 8:48:21 PM PDT by quesney
This is CRAZY!!
http://www.taxfoundation.org/publications/show/24863.html
Our global competitors are laughing their a**es off. How are we supposed to get small businesses to hire and lead us out of recession when they face a more than 50% tax on every last dollar they earn?
TOPICS: Breaking News; Business/Economy; Front Page News; Government; News/Current Events; Politics/Elections; US: New York
KEYWORDS: bhohealthcare; bhotaxincrease; bluestates; taxandspend
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1
posted on
07/14/2009 8:48:21 PM PDT
by
quesney
To: quesney; All
Tax Foundation updated its analysis since Bloomberg reported that surtax under consideration is now 5.4%!!!!
2
posted on
07/14/2009 8:50:11 PM PDT
by
quesney
To: quesney
3
posted on
07/14/2009 8:50:41 PM PDT
by
Salvation
(With God all things are possible.)
To: quesney
They tried this in Maryland. The wealthy packed their bagsand moved to Florida................funny thing about rich people.....they can go wherever they want.
4
posted on
07/14/2009 8:53:09 PM PDT
by
stephenjohnbanker
(Pray for, and support our troops(heroes) !! And vote out the RINO's!!)
To: stephenjohnbanker
I’m a business owner an looking at ways to reduce staff and get smaller. Need to start working on Lean management.
5
posted on
07/14/2009 8:57:58 PM PDT
by
ncfool
(The GEORGE BUSH revolution has finally arrived in Iran! Where is Obama?)
To: quesney
6
posted on
07/14/2009 8:58:50 PM PDT
by
edcoil
(If I had 1 cent for every dollar the government saved, Bill Gates and I would be friends.)
To: quesney
7
posted on
07/14/2009 8:58:53 PM PDT
by
GeronL
( Patriotic Insurrectionist at http://tyrannysentinel.blogspot.com)
To: quesney
What’s NY City going to do after the fifty people left paying taxes decide to move out?
8
posted on
07/14/2009 8:59:21 PM PDT
by
Mad_Tom_Rackham
(It is the duty of the patriot to protect his country from its government -- Thomas Payne)
To: quesney
Meanwhile other countries give incentives to foreign investors.
To: quesney
60% in New York City Hahahahaha - liberals and socialists get the government they want. Now to figure out a way to keep them OUT of low tax Pennsylvania...!
10
posted on
07/14/2009 9:01:07 PM PDT
by
2banana
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: quesney
I will not pay 50% tax. Ever. I’ll leave this country first. Never, ever thought I’d ever leave my country, but it’s looking like my country isn’t my country anymore. Don’t know who these people in power are or who voted them there. Certainly not MY people.
11
posted on
07/14/2009 9:01:07 PM PDT
by
Miztiki
To: ncfool
Yes income tax is raising to over 50% for the top earners and small businesses, but I don’t think that is counting the increase in payroll taxes, going from 15%-23%. Does it? Oh, and the increase in capital gains taxes to 24%.
12
posted on
07/14/2009 9:01:48 PM PDT
by
Eva
(union motto - Aim for mediocrity, it's only fair.)
To: Eva
“Yes income tax is raising to over 50% for the top earners and small businesses, but I don’t think that is counting the increase in payroll taxes, going from 15%-23%. Does it? Oh, and the increase in capital gains taxes to 24%.”
No, I don’t think it does include payroll. Just Medicare. Jeez*s.
13
posted on
07/14/2009 9:04:21 PM PDT
by
quesney
To: quesney
Folks! Obama is changing the entire United States economic system.
He has no intention of trying to save the capitalist system that has been a staple of our nation for over 200 years.
He wants complete dependence on government.
To: quesney
Top Tax Rate Jumps to 50% or More in 39 States if HealthCare Surtax Passes (60% in New York City)(shrug)
To: quesney
Don’t forget the 9% jump in capital gains, too.
16
posted on
07/14/2009 9:07:41 PM PDT
by
Eva
(union motto - Aim for mediocrity, it's only fair.)
To: quesney
This is BS. Add in property tax, excise tax, sales tax, every other tax and most taxpayers in just about every state pay well over 50% now.
17
posted on
07/14/2009 9:08:45 PM PDT
by
pnh102
(Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
To: quesney
Check out this site I just found (
Eliminate Taxes ).
I wonder if we could help the economy by buying some of these???
To: Miztiki
I will not pay 50% tax. Ever. I’ll leave this country first
I decided long ago that it's not worth working. As a 2nd income, I pay close to 50% in taxes (federal, state, SS and medicare combined). Everyone needs to look at ALL the taxes they pay and determine if they really want to be supporting this government. I'm doing my part in civil disobedience by refusing to. If my hubby wants to quit work some time, then I'll work and he can have some down time. There's no point working hard in this country any more. The freedoms we read about in the Constitution are no more.
To: Michael Barnes
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